“Australia’s dollar touched the highest level in more than a month on speculation U.S. data today will show the labor market in the world’s biggest economy is improving, supporting demand for riskier assets.
The so-called Aussie headed for a fourth weekly advance, the longest winning streak since August, as Asian shares rose. Gains in the Australian and New Zealand currencies were limited as Greece’s lawmakers squabbled over austerity measures needed to secure a bailout and keep the nation in the euro.
“Investors are getting more optimistic about the outlook for the U.S. economy,” said Marito Ueda, senior managing director in Tokyo at FX Prime Corp. (8711), a currency-margin company. “The risk-on tone across the market is supporting the Aussie.”
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